HashKey Proposes to Acquire APEX in Singapore
HashKey Holdings (3887.HK) announced that its subsidiary has entered into a non-binding framework agreement for the potential acquisition of Asia Pacific Exchange Pte. Ltd. (APEX), a licensed derivatives exchange and clearing house in Singapore. The transaction, if completed, would expand HashKey's financial infrastructure capabilities across trading, custody, payment, clearing, and settlement. APEX operates under stringent regulatory oversight by the Monetary Authority of Singapore (MAS) and is one of only three entities holding both an Approved Exchange and Approved Clearing House license. The acquisition aligns with HashKey’s strategy to build a diversified fintech platform across multiple jurisdictions while strengthening its presence in Asia's core financial markets. However, no definitive agreements have been signed yet, and the deal remains conditional on regulatory approval from MAS as well as due diligence processes.
